TODAY.AZ / Business

WB lends $30 million for Real Estate Registration Project

24 March 2007 [20:33] - TODAY.AZ
The World Bank has set aside a $30 million loan for the Real Estate Registration Project in Azerbaijan with a grace period of 5 years, the World Bank announced on March 22.

The objective of the project is to ensure a reliable, transparent and efficient real estate registration system to improve both the legal security for real estate and the management and use of State-owned immovable property in the country.

Azerbaijan has been a WB member since 1992. WB has lent over $1 billion on 36 projects in Azerbaijan for the past 15 years. AzerTAg

URL: http://www.today.az/news/business/38261.html

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